PRECIOUS METAL SERIES - 7 The days when miners could dig or pan for nuggets of gold are largely gone. Today, gold is generally extracted from the Earth's crust as microscopic particles. Estimates put the amount of gold in the Earth's crust at just 11 parts per billion!To recover a single ounce of gold, many tonnes of material must therefore be blasted and processed. Gold mines sell unrefined gold in the form of doré bars. Australian doré bars are usually composed of between 70-80% gold and 10-1Wednesday, July 3, 2019

Greed is as old as human race. The last time it overtook husbandry in the realm of gold was over 35 years ago. In 1968 you could still buy gold at $35 per oz. The price had not changed for 35 years, since 1933, in spite of six years of depression; six years of World War II; six years of Marshall give-away; six years of Korean War; six years of escalation of the Vietnam War; the Berlin blockade, the Cuban missile crisis and other Cold War battles. All these historic events have contributed to monetary depreciation in the order of 75 percent. The gold mining industry was badly hurting. Yet it kept producing and selling gold at break-neck speed as if there was no tomorrow. The gold producers of the 1960s, just as those of today, were doped by the paper-money magic. They were coaxed out of their possession of a real asset to exchange it for a phony one. In giving it up at a ridiculous price they were unwitting stooges helping postpone the day when gold could break its shackles. Nobody then or since has bothered pointing out the folly of the inmate who would ingratiate himself to the jail-keepers by assisting them to make his yoke heavier.Friday, May 31, 2019

For the last 20 years, the author has been visiting mines, mineral fairs,
and mineral dealers to purchase and self collect minerals from over 40 countries
to date.
One of his guiding inspirations was Peter Bancroft's excellent book Gem
and Crystal Treasures which describes Bancroft's selection of the 100
localities for the worlds best mineral specimens.
This essay will describe some of the background and history of famous localities,
and the minerals found there.
It isFriday, February 1, 2019

Throughout gold rush and gold mining history, the discovery of a large gold nugget is a phenomenon which always causes excitement throughout a mining community as well as capturing the wider public's imagination. It has probably something to do with so much gold being found at the same time, often with relative ease.
Gold nuggets can be found in alluvial deposits (sediments formed by water movement) or in other placer deposits (formed by other movement), but gold nuggets can also be found in or Saturday, December 29, 2018

Hear how under orders there were 9,000 US gold mines shut down under orders from convicted Soviet spy Harry Dexter White, but who was also Undersecretary of the US Treasury, and had all the gold mining equipment confiscated and sent overseas to the Soviet Union! Astonishing!
Speech from the 1960s.Saturday, October 13, 2018

The
gold miners’ stocks remain deeply out of favor, trading at prices
seen when gold was half or even a quarter of current levels. So
many traders assume this small contrarian sector must be really
struggling fundamentally. But nothing could be farther from the
truth! The major gold miners’ recently-released Q4’17 results prove
they are thriving. Their languishing stock prices are the result of
irrational herd sentiment.
Four
times a year publicly-traded coFriday, March 16, 2018

The
small contrarian gold-mining sector remains deeply out of favor,
universally ignored. Thus the gold stocks are largely drifting
listlessly, totally devoid of excitement. But that’s the best time
to buy low, when few others care. The gold stocks continue to form
strong technical bases, paving the way for massive mean-reversion
uplegs. And they remain exceedingly cheap relative to gold prices,
which drive their profits.
Being a gold-stock investor feels pFriday, March 9, 2018

In the latest Goldnomics latest podcast, we consider whether the gold price will reach $10,000 per ounce in the coming years and what factors will drive prices.
Watch on YouTube or read the quotations and transcript below.
Dave: Hello and welcome to the Goldnomics podcast where we look at global markets through the lens of precious metals. And you can keep your eye out for new episodes on iTunes, on SoundCloud and also on YouTube and you can like us on Facebook and follow us on Twitter.
And wsoSunday, March 4, 2018

– ‘Gold is in the early stages of a sustainable long-term bull market’ Rickards
– Rickards believes the next bull market in gold will be even more powerful than those of 1971–1980 and 1999–2011
– This new rally could send gold $1,475 or higher by next summer thanks to Fed rate hikes
– Warns of Peak Gold ‘Physical gold is in short supply. Refiners can’t get enough to meet demand.’
– ‘Now looks like a good time to jump on board to enjoy the ride’
– The Axis of Gold ‘continue to buy gold overtly anSaturday, January 20, 2018

In December 2016 Chinese wholesale gold demand, measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), accounted for 196 tonnes, down 9 % from November. December was still a strong month for SGE withdrawals due to the fact the gold price trended lower before briefly spiking at the end of the month, and the ChineseFriday, January 5, 2018

aheadoftheherd.com
The end of the world as we know it
It’s Christmas 2017 and North Korean Dear Leader Kim Jong-un is facing a crisis. Recently the United States, with UN approval, imposed the harshest round of economic sanctions yet on his reclusive regime.
While North Korea has been sanctioned since 2006 due to continuing attempts to develop nuclear weapons, this new provocation by its sworn nemesis is the last straw for Kim, who feels the great legacies of his father and grandfather, Kim Friday, December 29, 2017

There are plans to restart gold mining in north Wales after a major mineral firm took a large stake in the owner of the Clogau gold project.
Alba Mineral Resources has taken a 49-percent stake in Gold Mines of Wales Ltd. (GMOW), which owns the the Clogau gold project, situated within the Dolgellau gold belt.
Just in time for Meghan Markle's wedding ring when she marries Prince Harry.
The British Royal Family has been using Welsh gold to create their wedding rings since 1923. ...
... For the remaFriday, December 8, 2017

Over the past couple of weeks, we have been focused on Russia and
their understanding of gold and why gold is going to come back to the
table of regional and/or international trade. It may even make a grand
re-entrance as backing for a national currency or two.
Russia, with her closest ally China, have been making headlines, in
the broader financial world, for close to two years regarding their
acquisitions of gold. Within the smaller gold community these two
nations have been making headlThursday, December 7, 2017

The
junior gold miners’ stocks have spent months grinding sideways near
lows, sapping confidence and breeding widespread bearishness. The
entire precious-metals sector has been left for dead, eclipsed by
the dazzling Trumphoria stock-market rally. But traders need to
keep their eyes on the fundamental ball so herd sentiment doesn’t
mislead them. The juniors recently reported Q3 earnings, and
enjoyed strong results.
Four
times a year publicly-traded companiesFriday, December 1, 2017

The
silver miners’ stocks have really languished this year, grinding
sideways to lower for months on end. This vexing consolidation has
fueled near-universal bearishness, leaving silver stocks deeply out
of favor. But once a quarter when earnings season arrives, hard
fundamentals pierce the obscuring veil of popular sentiment. The
silver miners’ recently-reported Q3’17 results reveal today’s silver
prices remain profitable.
Four
times a year publicly-traded Friday, November 24, 2017

The
gold miners’ stocks have spent months adrift, cast off in the long
shadow of the Trumphoria stock-market rally. This vexing
consolidation has left a wasteland of popular bearishness. But once
a quarter earnings season arrives, bright fundamental sunlight
dispelling the obscuring sentiment fogs. The major gold miners’
just-reported Q3’17 results prove this sector remains strong
fundamentally, and super-undervalued.
Four
times a year publicly-traded companFriday, November 17, 2017